Risk Mitigation

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Jennifer Blackhurst - One of the best experts on this subject based on the ideXlab platform.

  • A contextual approach to supply chain Risk Mitigation
    The International Journal of Logistics Management, 2015
    Co-Authors: Woojung Chang, Alexander E. Ellinger, Jennifer Blackhurst
    Abstract:

    Purpose – As global supply networks proliferate, the strategic significance of supply chain Risk management (SCRM) – defined as the identification, evaluation, and management of supply chain-related Risks to reduce overall supply chain vulnerability – also increases. Yet, despite consistent evidence that firm performance is enhanced by appropriate fit between strategy and context, extant SCRM research focusses more on identifying sources of supply chain Risk, types of SCRM strategy, and performance implications associated with SCRM than on the relative efficacy of alternative primary supply chain Risk Mitigation strategies in different Risk contexts. Drawing on contingency theory, a conceptual framework is proposed that aligns well-established aspects of SCRM to present a rubric for matching primary alternative supply chain Risk Mitigation strategies (redundancy and flexibility) with particular Risk contexts (severity and probability of Risk occurrence). The paper aims to discuss these issues. Design/meth...

  • Supply chain Risk Mitigation competency: an individual-level knowledge-based perspective
    International Journal of Production Research, 2015
    Co-Authors: Saurabh Ambulkar, Jennifer Blackhurst, David E. Cantor
    Abstract:

    Supply chain managers are responsible for making decisions regarding supply chain Risk in order to mitigate the impact of supply chain disruptions. This study develops and tests a theoretical model that leverages the individual-level knowledge-based view perspective to understand the process through which Risk Mitigation orientation of the supply chain manager contributes to his/her absorptive capacity. A supply chain manager’s absorptive capacity, in turn, enhances his/her ability to effectively mitigate supply chain Risk. Study findings demonstrate that supply chain managers with high-Risk Mitigation orientation have greater level of absorptive capacity which enhances their Risk Mitigation competency. This study represents the first development and testing of a model that examines individual-level knowledge management factors that affect supply chain Risk Mitigation competency. This research emphasises the importance of the individual supply chain manager in managing Risk and illustrates how theoretical...

David E. Cantor - One of the best experts on this subject based on the ideXlab platform.

Jiho Yoon - One of the best experts on this subject based on the ideXlab platform.

  • models for supplier selection and Risk Mitigation a holistic approach
    International Journal of Production Research, 2018
    Co-Authors: Jiho Yoon, Srinivas Talluri, Hakan Yıldız
    Abstract:

    According to a study conducted by PwC and the Business Continuity Institute in 2013, 75% of companies experience at least one major supply chain disruption a year and majority of the disruptions were caused by supply-related problems. With an increasing emphasis on upstream Risk, Risk management in supplier selection has become a critical issue faced by companies. Although previous studies proposed different methods and tools for effective and efficient supplier selection, only few approaches have attempted to incorporate Risk Mitigation strategies in supplier selection decisions. Our study aims to fill this gap by considering a wide range of quantitative and qualitative Risk factors in supplier selection and evaluates the efficacy of alternative Risk Mitigation strategies in this context. Moreover, we suggest that both upstream and downstream strategies should be utilised simultaneously rather than relying on a single type of strategy. We further suggest that it is critical to align upstream and downstre...

  • Assessing the efficiency of Risk Mitigation strategies in supply chains
    Journal of Business Logistics, 2013
    Co-Authors: Srinivas Talluri, Thomas J. Kull, Hakan Yıldız, Jiho Yoon
    Abstract:

    Mitigating supply chain Risk is a critical component of a company’s overall Risk management strategy. Drawing upon Contingency Theory, we posit that the appropriateness and effectiveness of Risk Mitigation strategies are contingent on the internal and external environments and that there is no one-size-fits-all strategy. While literature on Risk management has proposed a variety of tools and techniques for effectively evaluating and managing supply chain Risks, comprehensive assessment of the efficiencies of alternative Risk Mitigation strategies has not been addressed in the literature. Such an assessment will help managers select the appropriate Mitigation strategy for a given decision-making envi- ronment. To this end, this study is first of its kind in evaluating and proposing efficient supply chain Risk Mitigation strategies in the presence of a variety of Risk categories, Risk sources, and supply chain configurations. We combine an empirically grounded simulation methodology with data envelopment analysis and nonparametric statistical methods to analyze and rank alternative Mitigation strategies. We find that the more effi- cient strategies focus on flexibility rather than on redundancy for supply chain failures. Our research presents several interesting and useful man- agerial insights for deciding what strategies are most capable of mitigating Risks in a variety of contexts.

Saurabh Ambulkar - One of the best experts on this subject based on the ideXlab platform.

Hakan Yıldız - One of the best experts on this subject based on the ideXlab platform.

  • models for supplier selection and Risk Mitigation a holistic approach
    International Journal of Production Research, 2018
    Co-Authors: Jiho Yoon, Srinivas Talluri, Hakan Yıldız
    Abstract:

    According to a study conducted by PwC and the Business Continuity Institute in 2013, 75% of companies experience at least one major supply chain disruption a year and majority of the disruptions were caused by supply-related problems. With an increasing emphasis on upstream Risk, Risk management in supplier selection has become a critical issue faced by companies. Although previous studies proposed different methods and tools for effective and efficient supplier selection, only few approaches have attempted to incorporate Risk Mitigation strategies in supplier selection decisions. Our study aims to fill this gap by considering a wide range of quantitative and qualitative Risk factors in supplier selection and evaluates the efficacy of alternative Risk Mitigation strategies in this context. Moreover, we suggest that both upstream and downstream strategies should be utilised simultaneously rather than relying on a single type of strategy. We further suggest that it is critical to align upstream and downstre...

  • Assessing the efficiency of Risk Mitigation strategies in supply chains
    Journal of Business Logistics, 2013
    Co-Authors: Srinivas Talluri, Thomas J. Kull, Hakan Yıldız, Jiho Yoon
    Abstract:

    Mitigating supply chain Risk is a critical component of a company’s overall Risk management strategy. Drawing upon Contingency Theory, we posit that the appropriateness and effectiveness of Risk Mitigation strategies are contingent on the internal and external environments and that there is no one-size-fits-all strategy. While literature on Risk management has proposed a variety of tools and techniques for effectively evaluating and managing supply chain Risks, comprehensive assessment of the efficiencies of alternative Risk Mitigation strategies has not been addressed in the literature. Such an assessment will help managers select the appropriate Mitigation strategy for a given decision-making envi- ronment. To this end, this study is first of its kind in evaluating and proposing efficient supply chain Risk Mitigation strategies in the presence of a variety of Risk categories, Risk sources, and supply chain configurations. We combine an empirically grounded simulation methodology with data envelopment analysis and nonparametric statistical methods to analyze and rank alternative Mitigation strategies. We find that the more effi- cient strategies focus on flexibility rather than on redundancy for supply chain failures. Our research presents several interesting and useful man- agerial insights for deciding what strategies are most capable of mitigating Risks in a variety of contexts.